Welcome back to ACY Securities' five-part educational series on Price Action Trading, hosted by Nathan Bray. In this second session, we delve into two fundamental concepts in trading: support and resistance. These concepts are crucial for anyone looking to enhance their trading strategy.

Introduction to support and resistance: Learn how to identify support (a level where a downtrend can pause due to buying pressure) and resistance (a level where an uptrend can pause due to selling pressure).

Practical examples:

  • Analysing the Aussie-Yen (AUD/JPY) chart to identify resistance on different timeframes.
  • Understanding the role of historical price levels in predicting market behaviour.
  • Using indicators to simplify the identification of support and resistance levels.

Combining trends with support and resistance:

  • Explore how combining these concepts can enhance your trading decisions.
  • Practical demonstration on gold and AUD/USD charts to illustrate buying and selling strategies based on these levels.

Real-world application:

See real-time chart analysis and understand how to apply these concepts to your trading strategy. Whether you’re a beginner or an experienced trader, this video offers valuable insights to improve your market analysis and trading decisions.

 


RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose。 ACY Securities Pty Ltd (ABN: 80 150 565 781 AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only. ACY Securities Pty Ltd (“ACY AU”) is authorised and regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL is authorised us to provide our services to Australian Residents or Businesses.

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EUR/USD: Next target comes at 1.0530

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GBP/USD keeps the bullish bias above 1.2600

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USD/JPY slides to near 151.50 as Japanese Yen strengthens on robust GDP growth

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EUR/USD News
Gold resumes the upside around $2,900

Gold resumes the upside around $2,900

Gold prices leave behind Friday's marked pullback and regain some composure, managing to retest the $2,900 region per ounce troy amid the generalised absence of volatility on US Presidents' Day holiday.

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RBA expected to deliver first interest rate cut in over four years

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The Reserve Bank of Australia will announce its first monetary policy decision of 2025 on Tuesday, and market participants anticipate the Board will cut the benchmark interest rate by 25 basis points.

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Bitcoin price has been consolidating between $94,000 and $100,000 for almost two weeks. Amid this consolidation, investor sentiment remains indecisive, with US spot ETFs recording a $580.2 million net outflow last week, signaling institutional demand weakness.

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